Foreign Aid To The People's Republic of China

Foreign aid to the People's Republic of China takes the form of both bilateral and multilateral official development assistance and official aid to individual recipients.

In 1978, China and Japan had normalized the diplomatic relations. Deng Xiaoping had been to Japan to sign the treaty & seen the development of Japan. As a result, China had decided to borrow 220 million dollars in soft loan from Japan when the amount of foreign currency preparation was 167 million dollars & poured the money into social infrastructures.

In 2001 it received US$1.4 billion in such disbursements, or about US$1.10 per capita. This total was down from the 1999 figures of US$2.4 billion and US$1.90 per capita. In 2003 China received US$1.3 billion in such disbursements, or about US$1 per capita. Like other countries in recent years, the United States has rapidly lowered foreign aid to China, reaching about $12 million dollars from USAID for 2011. The aid goes to Tibetan communities, rule of law initiatives, and climate change policy. In 2011, the $3.95 designated for climate change was the subject of a critical Congressional panel hearing titled Feeding the Dragon: Reevaluating U.S. Development Assistance to China.

Some of this aid comes to the People's Republic of China (PRC) in the form of socioeconomic development assistance through the United Nations (UN) system. The PRC received US$112 million in such UN assistance annually in 2001 and 2002, the largest portion coming from the UN Development Programme (UNDP).

Famous quotes containing the words foreign, aid, people, republic and/or china:

    “We are apt to say that a foreign policy is successful only when the country, or at any rate the governing class, is united behind it. In reality, every line of policy is repudiated by a section, often by an influential section, of the country concerned. A foreign minister who waited until everyone agreed with him would have no foreign policy at all.”
    —A.J.P. (Alan John Percivale)

    “Look for me all around you, for with God’s grace, I shall come and bring with me countless millions of Black slaves who have died in America and the West Indies and the millions in Africa to aid you in the fight for Liberty, Freedom and Life.”
    —Marcus Garvey (1887–1940)

    “I’m so tired, believe me, of strangling people 300 times in a row.”
    —Arnold Phillips, Max Nosseck (1902–1972)

    “Who is this Renaissance? Where did he come from? Who gave him permission to cram the Republic with his execrable daubs?”
    —Mark Twain [Samuel Langhorne Clemens] (1835–1910)

    “In a country where misery and want were the foundation of the social structure, famine was periodic, death from starvation common, disease pervasive, thievery normal, and graft and corruption taken for granted, the elimination of these conditions in Communist China is so striking that negative aspects of the new rule fade in relative importance.”
    —Barbara Tuchman (1912–1989)